Life Insurance for the People
Who Matter Most
Who Matter Most
Life insurance can help provide financial protection for the people who depend on you if something happens to you.
What Would Happen Financially If You Were
No Longer There?
Life insurance can help your family continue meeting important financial obligations after your death.
-
Everyday ExpensesHelp your family manage everyday living expenses. -
Mortgage & DebtHelp provide money for a mortgage, loans and other financial obligations. - Children's FutureHelp provide financial support for education and other future needs.
- Income ReplacementHelp replace income your household depends on.
- Final ExpensesHelp your family manage funeral and other end-of-life expenses.
Life Insurance Isn't Only for the Primary Breadwinner
A stay-at-home parent may not receive a paycheck, but replacing childcare, transportation and household responsibilities can create significant expenses for a family.
Who May Need Life Insurance?
-
Someone Depends on Your IncomeA spouse, children, parents or other family members rely on you financially. -
You Have a Mortgage or Other DebtYou don't want those financial obligations to become someone else's burden. - You're Raising ChildrenYou want to provide additional financial protection while they're growing up.
- You Own a BusinessYour death could have financial consequences for your business or business partners.
- You Want to Plan for Final ExpensesYou want funds available for funeral and other expenses.
- You Want to Leave a Financial LegacyLife insurance can also be used as part of certain estate and legacy-planning strategies.
Term Life or Permanent Life?
Term Life
Permanent Life
Coverage
Specific period
Potential lifetime coverage
Common Terms
10, 20, 30 year
No fixed term when policy requirements are maaintained
Cash Value
No
May accumulate cash value
Initial Cost
Generally lower
Generally higher
Often Considered For
Income protection, mortgage, children
Long-term protection, legacy and other financial goals
There isn't one type of life insurance that's right for everyone. Your age, family situation, financial obligations, goals and budget all matter.
Explore Life Insurance Options
- Term Life InsuranceCoverage for a specific period, commonly 10, 20 or 30 years. It generally does not accumulate cash value.
- Whole Life InsurancePermanent life insurance designed to provide lifetime coverage and accumulate cash value when policy requirements are met.
- Universal Life InsurancePermanent coverage offering flexibility in certain premiums and death benefits, subject to policy terms.
- Indexed Universal LifeA form of universal life insurance in which interest credited to cash value may be linked in part to the performance of a market index, subject to policy provisions, caps, floors and other limitations.
- Final Expense InsuranceGenerally smaller life insurance policies designed to help with funeral and other final expenses.
How Much Coverage Should You Consider?
There isn't a single number that works for every family.
When considering coverage, think about:
-
IncomeHow many years of your income might your family need to replace? -
Mortgage & DebtWhat financial obligations would remain? -
ChildrenWould you like to provide for childcare, education or other future expenses? -
Existing SavingsWhat financial resources would your family already have? -
Current Life InsuranceDo you already have coverage through work or another policy?
Explore Life Insurance Options
Employer-provided life insurance can be valuable, but it's worth understanding:
-
How much coverage you actually have - Whether you can keep the policy if you leave your job
- Whether the benefit would be enough for your family's needs
Who Receives the Life Insurance Benefit?
When you purchase life insurance, you generally designate one or more beneficiaries to receive the policy's death benefit.
A beneficiary may be a spouse, child, family member or another eligible person or entity, depending on the policy and applicable rules.
It's important to review your beneficiary designations after major life events such as marriage, divorce, the birth of a child or other significant family changes.
A beneficiary may be a spouse, child, family member or another eligible person or entity, depending on the policy and applicable rules.
It's important to review your beneficiary designations after major life events such as marriage, divorce, the birth of a child or other significant family changes.
Life Changed? Your Insurance May Need to Change Too.
Get a Quote 
Life Insurance FAQ
Term Life Insurance provides coverage for a specific period, such as 10, 20, or 30 years, and is generally more affordable. Whole Life Insurance offers lifelong coverage as long as required premiums are paid and typically builds cash value over time. The right choice depends on your financial goals, budget, and coverage needs.
The amount depends on your income, outstanding debts, mortgage, family expenses, and future financial goals. Consider how much financial support your loved ones would need if you were no longer there. Our Insurance Advisors can help you estimate an appropriate coverage amount.
Life insurance premiums depend on factors such as your age, health, coverage amount, policy type, and lifestyle. Term Life Insurance is generally less expensive than permanent coverage. Comparing options from multiple insurance companies can help you find coverage that fits your budget.
Yes! You can have multiple life insurance policies, provided you qualify for the coverage. For example, you might have a policy through your employer and another individual policy. Multiple policies can help address different financial needs and provide additional protection.
Life insurance can still be valuable even if you don't have children. It may help protect a spouse or partner, cover outstanding debts, provide for aging parents, or pay final expenses. Your need for coverage depends on your personal and financial circumstances.
In most cases, yes. You can generally update your life insurance beneficiary as your circumstances change, such as after marriage, divorce, or the birth of a child. Some beneficiary designations may require additional consent or have restrictions, so it's important to review your policy.
Cash value is a feature of certain permanent life insurance policies that accumulates over time. Depending on the policy, you may be able to access it through withdrawals or policy loans. Accessing cash value can reduce your death benefit, create tax consequences, or affect your coverage.
Possibly! Having a medical condition doesn't automatically mean you can't qualify for life insurance. Eligibility and premiums depend on your health history, the insurer's underwriting guidelines, and the type of policy. Our Insurance Advisors can help you explore available options.
Generally, purchasing life insurance when you're younger and healthier can help you qualify for lower premiums. However, the best time is when you have a financial need for protection. Major life events, such as marriage, buying a home, or starting a family, are good reasons to review your coverage.
When your term ends, coverage generally expires unless your policy includes a renewal or conversion option. Some policies allow you to renew coverage at a higher premium or convert to permanent insurance within certain deadlines. Reviewing your options before the term expires can help you avoid a gap in coverage.